DEVELOPMENT UPDATE   Frisco Economic  Development Corporation February 2010
FRISCO EDC ESTABLISHED 1991 <ul><ul><li>Frisco voters approved a ½ cent sales tax for economic development </li></ul></ul>...
LOCATION   Frisco is located 25 minutes from the Dallas-Fort Worth International Airport and downtown Dallas.  Land area i...
FEDC BOARD OF DIRECTORS <ul><li>Jerry Holder, Chairman </li></ul><ul><li>David Porter, Vice Chairman </li></ul><ul><li>Ric...
FEDC INDUSTRY FOCUS <ul><li>Corporate Headquarters </li></ul><ul><li>Technology </li></ul><ul><li>Health, Medical & Life S...
COMPETITIVE ADVANTAGES <ul><li>Ideal location in major growth corridor </li></ul><ul><li>Access to outstanding workforce <...
<ul><li>Population: 108,462 (February 1, 2010) </li></ul><ul><li>Median Age: 32 </li></ul><ul><li>82% of population is und...
POPULATION GROWTH 1990 -2030
FRISCO GROWTH <ul><li>Sales Tax Revenue: </li></ul><ul><ul><li>2002  $ 19.9 million </li></ul></ul><ul><ul><li>2010  $ 38....
FRISCO OFFICE AND RETAIL <ul><li>For 2009: </li></ul><ul><li>Office development:   4,179,000 SF </li></ul><ul><li>Retail r...
INCENTIVE PROCESS <ul><li>Qualifying projects may be offered FEDC economic incentives, which may be on a per job (created ...
SIGNIFICANT FEDC PROJECTS <ul><li>Stonebriar Centre’:  1.6M SF, $250M, regional mall </li></ul><ul><li>Center at Preston R...
QUALITY DEVELOPMENTS
PROJECTED AND ACTUAL TAX RATES
POSITIVE IMPACTS OF GROWTH <ul><li>Increased sales tax revenue </li></ul><ul><li>Consistent high growth in tax base </li><...
STONEBRIAR COMMONS <ul><li>Developer:  Town & Country Development </li></ul><ul><li>SH 121 and Legacy Drive </li></ul><ul>...
FRISCO BRIDGES <ul><li>720 acres of development </li></ul><ul><li>SH 121 & Preston Road </li></ul><ul><li>$850M investment...
HALL OFFICE PARK <ul><li>Developer: Hall Financial Group </li></ul><ul><li>162-acre office development master planned  </l...
SIERRA FRISCO <ul><li>Developer: Champion Partners </li></ul><ul><li>Southeast corner of the DNT and Warren Parkway </li><...
DUKE BRIDGES <ul><li>Developer: Duke Realty Corporation </li></ul><ul><li>Duke Bridges  I – Spec 158,000 SF – 100% leased ...
FRISCO SQUARE <ul><li>Developer: Fairways Equities </li></ul><ul><li>Main Street & Dallas North Tollway </li></ul><ul><li>...
FRISCO MARKET CENTER <ul><li>Developer: Hermansen Land Development, Inc.  </li></ul><ul><li>NW corner of Dallas North Toll...
WORLD CUP PLAZA <ul><li>Developer: Dallas International Realty Advisors </li></ul><ul><li>NE corner Main Street & Dallas N...
PRESTON LEBANON CROSSING <ul><li>Developer: The Seitz Group </li></ul><ul><li>NE corner Preston & Lebanon Road </li></ul><...
PARKWAY TOWNE CROSSING <ul><li>Developer:  Weber & Company </li></ul><ul><li>SW Corner of the Dallas North Tollway and Eld...
FRISCO CENTER <ul><li>Developer: Mario Sinacola & Son’s 171-acre business park </li></ul><ul><li>Three buildings totaling ...
NTEC AT  FRISCO CENTER <ul><li>Developer: Frisco Economic Development Corporation </li></ul><ul><li>50,000 SF, 2-story med...
FRISCO COMMERCE CENTER <ul><li>Developer: Panattoni Development Company </li></ul><ul><li>$50M development </li></ul><ul><...
ELDORADO MARKET PLACE <ul><li>Developer: W D Eldorado & Tollway LP </li></ul><ul><li>Located at the NW corner of the DNT a...
SPORTS VILLAGE USA <ul><li>Developer: Sports Village USA, LLC  and UDC Hospitality, LLC (known as “SVUSA”)  </li></ul><ul>...
<ul><li>Existing Hotels </li></ul><ul><ul><li>Embassy Suites & Conference Center </li></ul></ul><ul><ul><li>Westin Stonbri...
<ul><li>Hotels Under Construction* Or Announced </li></ul><ul><ul><li>Wingate Inn & Suites (Spring 2010) </li></ul></ul><u...
QUALITY OF LIFE
DR PEPPER BALLPARK   <ul><li>Home of the Frisco Rough Riders, AA affiliate of Texas Rangers </li></ul><ul><li>$26 million ...
DR PEPPER ARENA <ul><li>$40Million - Expansion and Improvements: </li></ul><ul><li>More Seating (Approximately 6,000) </li...
PIZZA HUT PARK <ul><li>$80 million public private development </li></ul><ul><li>115-acre project </li></ul><ul><li>21,193 ...
GRAND PARK Guiding Principals <ul><li>Approximately 350 acres owned by the City of Frisco, Frisco Economic Development Cor...
GRAND PARK Phase I infrastructure and public buildings complete Summer 2010
<ul><li>For More Information </li></ul><ul><li>Frisco Economic Development Corporation </li></ul><ul><li>6801 Gaylord Park...
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February 2010

  1. 1. DEVELOPMENT UPDATE Frisco Economic Development Corporation February 2010
  2. 2. FRISCO EDC ESTABLISHED 1991 <ul><ul><li>Frisco voters approved a ½ cent sales tax for economic development </li></ul></ul><ul><ul><li>Frisco Economic Development Corporation (FEDC) was established as a Texas non-profit corporation </li></ul></ul><ul><ul><li>Purpose is the promotion and development of new and expanded business enterprises to provide and encourage employment in the furtherance of the public welfare and expand the tax base of the City of Frisco </li></ul></ul>
  3. 3. LOCATION Frisco is located 25 minutes from the Dallas-Fort Worth International Airport and downtown Dallas. Land area is 72 square miles
  4. 4. FEDC BOARD OF DIRECTORS <ul><li>Jerry Holder, Chairman </li></ul><ul><li>David Porter, Vice Chairman </li></ul><ul><li>Richard Beaver, Secretary/Treasurer, FISD Rep. </li></ul><ul><li>June Taylor, Director </li></ul><ul><li>Jeff Snowden, Director </li></ul>
  5. 5. FEDC INDUSTRY FOCUS <ul><li>Corporate Headquarters </li></ul><ul><li>Technology </li></ul><ul><li>Health, Medical & Life Science </li></ul><ul><li>Financial Services </li></ul><ul><li>Youth, Amateur & Professional Sports </li></ul>
  6. 6. COMPETITIVE ADVANTAGES <ul><li>Ideal location in major growth corridor </li></ul><ul><li>Access to outstanding workforce </li></ul><ul><li>Aggressive, growth-oriented attitude </li></ul><ul><li>Positive quality of life </li></ul><ul><li>Competitive cost factors </li></ul><ul><li>Quality educational systems </li></ul><ul><li>Economic development sales tax </li></ul>
  7. 7. <ul><li>Population: 108,462 (February 1, 2010) </li></ul><ul><li>Median Age: 32 </li></ul><ul><li>82% of population is under 45 </li></ul><ul><li>Median Household Income: $93,478 </li></ul><ul><li>Land area approximately 46.2% developed </li></ul><ul><li>Projected population at build-out: 250,000-280,000 </li></ul>DEMOGRAPHICS
  8. 8. POPULATION GROWTH 1990 -2030
  9. 9. FRISCO GROWTH <ul><li>Sales Tax Revenue: </li></ul><ul><ul><li>2002 $ 19.9 million </li></ul></ul><ul><ul><li>2010 $ 38.8 million = 95% Growth or $18.9 M </li></ul></ul><ul><li>Tax Base Revenue: </li></ul><ul><ul><li>2002 $ 4.3 billion </li></ul></ul><ul><ul><li>2010 $ 13.9 billion = 223% Growth or $9.6 B </li></ul></ul>
  10. 10. FRISCO OFFICE AND RETAIL <ul><li>For 2009: </li></ul><ul><li>Office development: 4,179,000 SF </li></ul><ul><li>Retail rentable area: 8,137,000 SF </li></ul><ul><li>Total Office/Retail: 12,316,000 SF </li></ul>
  11. 11. INCENTIVE PROCESS <ul><li>Qualifying projects may be offered FEDC economic incentives, which may be on a per job (created and maintained) basis of $500, $1000 or more. Our primary steps will involve: </li></ul><ul><ul><li>Determine Project Eligibility </li></ul></ul><ul><ul><li>Submit FEDC Economic Impact Survey </li></ul></ul><ul><ul><li>Conduct Economic Impact Analysis </li></ul></ul><ul><ul><li>Develop Economic Incentive Proposal </li></ul></ul><ul><ul><li>Draft Performance Agreement </li></ul></ul><ul><ul><li>Obtain Board Approval </li></ul></ul>
  12. 12. SIGNIFICANT FEDC PROJECTS <ul><li>Stonebriar Centre’: 1.6M SF, $250M, regional mall </li></ul><ul><li>Center at Preston Ridge: 1M SF retail power center </li></ul><ul><li>Dr Pepper Ballpark and Star Center: City owned </li></ul><ul><li>Duke Bridges: 450,000 SF, $45M office park </li></ul><ul><li>Hall Office Park: 2M SF, $250M office park </li></ul><ul><li>T-Mobile: 230,000 SF, $17.6M, 1,250 jobs </li></ul><ul><li>AmerisourceBergen: 214,000 SF, $26M, 1,330 jobs </li></ul><ul><li>IKEA: 310,000 SF, $50M, 300 jobs </li></ul>
  13. 13. QUALITY DEVELOPMENTS
  14. 14. PROJECTED AND ACTUAL TAX RATES
  15. 15. POSITIVE IMPACTS OF GROWTH <ul><li>Increased sales tax revenue </li></ul><ul><li>Consistent high growth in tax base </li></ul><ul><li>Low city and school taxes </li></ul><ul><li>Ability to build infrastructure and municipal buildings. </li></ul><ul><li>Excellent parks and recreation program </li></ul><ul><li>Provide facilities for all age groups </li></ul><ul><li>Continued small town feel </li></ul>
  16. 16. STONEBRIAR COMMONS <ul><li>Developer: Town & Country Development </li></ul><ul><li>SH 121 and Legacy Drive </li></ul><ul><li>32.68 acres </li></ul><ul><li>Office, specialty retail, restaurants </li></ul><ul><li>Sheraton Stonebriar Hotel, 250 rooms, 20,000 SF conference room </li></ul><ul><li>280,770 SF at build-out office and retail </li></ul>
  17. 17. FRISCO BRIDGES <ul><li>720 acres of development </li></ul><ul><li>SH 121 & Preston Road </li></ul><ul><li>$850M investment - projected to be $1.2B at build out </li></ul><ul><li>4.5 million SF of retail development </li></ul><ul><li>1.6 million SF of mall development </li></ul>
  18. 18. HALL OFFICE PARK <ul><li>Developer: Hall Financial Group </li></ul><ul><li>162-acre office development master planned </li></ul><ul><li>More than 2M SF </li></ul><ul><li>Total build out will include 20 office buildings </li></ul>
  19. 19. SIERRA FRISCO <ul><li>Developer: Champion Partners </li></ul><ul><li>Southeast corner of the DNT and Warren Parkway </li></ul><ul><li>A 36-acre mixed-use community </li></ul><ul><li>Sierra Frisco is a $250M development </li></ul><ul><li>Class-AA office project, a four-star or better full service hotel, and a multi-phase residential and retail mixed-use project by Post Properties </li></ul>
  20. 20. DUKE BRIDGES <ul><li>Developer: Duke Realty Corporation </li></ul><ul><li>Duke Bridges I – Spec 158,000 SF – 100% leased </li></ul><ul><li>Duke Bridges II – Spec 126,000 SF – 100% leased </li></ul><ul><li>Duke Bridges III – Spec 160,000 SF – space available </li></ul>
  21. 21. FRISCO SQUARE <ul><li>Developer: Fairways Equities </li></ul><ul><li>Main Street & Dallas North Tollway </li></ul><ul><li>147 acres mixed use project </li></ul><ul><li>Firehouse Subs, Go-Go Burger and Love Peace Popcorn. </li></ul>
  22. 22. FRISCO MARKET CENTER <ul><li>Developer: Hermansen Land Development, Inc. </li></ul><ul><li>NW corner of Dallas North Tollway and Main Street </li></ul><ul><li>An 88-acre master planned development including retail, restaurant, high density multi-family, Marriott hotel and entertainment anchored by Main Event </li></ul>
  23. 23. WORLD CUP PLAZA <ul><li>Developer: Dallas International Realty Advisors </li></ul><ul><li>NE corner Main Street & Dallas North Tollway </li></ul><ul><li>90,000 SF mixed-use </li></ul><ul><li>Offices, restaurants, retail and bank </li></ul><ul><li>Opened 2008 </li></ul>
  24. 24. PRESTON LEBANON CROSSING <ul><li>Developer: The Seitz Group </li></ul><ul><li>NE corner Preston & Lebanon Road </li></ul><ul><li>175,000 SF retail center; 22.5 acres </li></ul><ul><li>Anchor tenants: Hobby Lobby, Mardel, Sprouts Farmers Market. Whataburger, Taco Cabana, and Rosa’s Mexican Food </li></ul>
  25. 25. PARKWAY TOWNE CROSSING <ul><li>Developer: Weber & Company </li></ul><ul><li>SW Corner of the Dallas North Tollway and Eldorado Pkwy </li></ul><ul><li>400,000 SF retail center; 40 acres </li></ul><ul><li>173,890 SF SuperTarget also a Petco and Best Buy </li></ul><ul><li>Opened Fall 2007 </li></ul>
  26. 26. FRISCO CENTER <ul><li>Developer: Mario Sinacola & Son’s 171-acre business park </li></ul><ul><li>Three buildings totaling 150,000 SF office/tech/flex space </li></ul>
  27. 27. NTEC AT FRISCO CENTER <ul><li>Developer: Frisco Economic Development Corporation </li></ul><ul><li>50,000 SF, 2-story med-tech, medical device, wet-lab facility </li></ul><ul><li>Home of NTEC </li></ul><ul><li>Opened October 2008 </li></ul>
  28. 28. FRISCO COMMERCE CENTER <ul><li>Developer: Panattoni Development Company </li></ul><ul><li>$50M development </li></ul><ul><li>35 acres, 550,000 SF office/tech/flex space </li></ul><ul><li>Located on All Stars Avenue, east of Frisco Street </li></ul>
  29. 29. ELDORADO MARKET PLACE <ul><li>Developer: W D Eldorado & Tollway LP </li></ul><ul><li>Located at the NW corner of the DNT and Eldorado Parkway </li></ul><ul><li>350,000 SF retail center </li></ul><ul><li>Anchor Tenants include: Market Street, BakerBros and Peter Piper Pizza </li></ul>
  30. 30. SPORTS VILLAGE USA <ul><li>Developer: Sports Village USA, LLC and UDC Hospitality, LLC (known as “SVUSA”) </li></ul><ul><li>50 acres located at SW corner of Frisco Street and All Stars Avenue </li></ul><ul><li>162,000 SF multi-sport center The Fieldhouse </li></ul><ul><li>$100+ million, 50-acre village professional </li></ul><ul><li>athletic training facility </li></ul>
  31. 31. <ul><li>Existing Hotels </li></ul><ul><ul><li>Embassy Suites & Conference Center </li></ul></ul><ul><ul><li>Westin Stonbriar Resort </li></ul></ul><ul><ul><li>Holiday Inn Stonebriar </li></ul></ul><ul><ul><li>Hampton Inn Hotel & Suites </li></ul></ul><ul><ul><li>Holiday Inn Express Hotel & Suites </li></ul></ul><ul><ul><li>Homewood Suites By Hilton </li></ul></ul><ul><ul><li>Sheraton Stonebriar Phase 1 </li></ul></ul><ul><ul><li>Hilton Garden Inn </li></ul></ul><ul><ul><li>Aloft Hotel </li></ul></ul><ul><ul><li>Comfort Suites </li></ul></ul><ul><ul><li>Total Exiting Hotel Rooms: 1500 </li></ul></ul>FRISCO HOTEL UPDATE
  32. 32. <ul><li>Hotels Under Construction* Or Announced </li></ul><ul><ul><li>Wingate Inn & Suites (Spring 2010) </li></ul></ul><ul><ul><li>Sheraton Stonebriar Phase 2 (Spring 2010) </li></ul></ul><ul><ul><li>Holiday Inn Crowne Plaza (Fall 2010 </li></ul></ul><ul><ul><li>Holiday Inn Express (Fall 2010) </li></ul></ul><ul><ul><li>Go Marriott, Courtyard (Fall 2010) </li></ul></ul><ul><ul><li>Total Rooms Under Construction or Announced: 521 </li></ul></ul>FRISCO HOTEL UPDATE
  33. 33. QUALITY OF LIFE
  34. 34. DR PEPPER BALLPARK <ul><li>Home of the Frisco Rough Riders, AA affiliate of Texas Rangers </li></ul><ul><li>$26 million project </li></ul><ul><li>Double AA Baseball Park with 11,000 seats </li></ul><ul><li>Adjacent office, retail, restaurants </li></ul>
  35. 35. DR PEPPER ARENA <ul><li>$40Million - Expansion and Improvements: </li></ul><ul><li>More Seating (Approximately 6,000) </li></ul><ul><li>More Parking (1,000 spaces) </li></ul><ul><li>Stage Area-Back of Stage </li></ul><ul><li>Enhanced Promenade </li></ul><ul><li>Enhanced Suites </li></ul><ul><li>Better Acoustics </li></ul><ul><li>Video Board </li></ul><ul><li>Completed June 2009 </li></ul>
  36. 36. PIZZA HUT PARK <ul><li>$80 million public private development </li></ul><ul><li>115-acre project </li></ul><ul><li>21,193 seat professional soccer stadium </li></ul><ul><li>17 tournament grade fields </li></ul><ul><li>Home of the FC Dallas Major League Soccer team </li></ul>
  37. 37. GRAND PARK Guiding Principals <ul><li>Approximately 350 acres owned by the City of Frisco, Frisco Economic Development Corporation and the Frisco Community Development Corporation </li></ul><ul><li>Create an Image-Defining civic space for the City of Frisco </li></ul><ul><li>Establish High-Impact Zones that generate revenues to create financial sustainability </li></ul><ul><li>Utilize Partnerships and development strategies to leverage public investment </li></ul>
  38. 38. GRAND PARK Phase I infrastructure and public buildings complete Summer 2010
  39. 39. <ul><li>For More Information </li></ul><ul><li>Frisco Economic Development Corporation </li></ul><ul><li>6801 Gaylord Parkway, Suite 400 </li></ul><ul><li>Frisco, Texas 75034 </li></ul><ul><li>972-292-5150 </li></ul><ul><li>FRISCOEDC.COM </li></ul>
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